Somewhat Favorable News Coverage Somewhat Unlikely to Affect PDC Energy (PDCE) Stock Price

News headlines about PDC Energy (NASDAQ:PDCE) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PDC Energy earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave media coverage about the energy producer an impact score of 47.4038200008024 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern’s rankings:

Several equities research analysts have commented on PDCE shares. BMO Capital Markets restated a “hold” rating and issued a $58.00 target price on shares of PDC Energy in a research note on Thursday, January 11th. Stifel Nicolaus set a $69.00 price objective on PDC Energy and gave the stock a “buy” rating in a research note on Thursday, October 5th. SunTrust Banks set a $55.00 price objective on PDC Energy and gave the stock a “buy” rating in a research note on Sunday, October 29th. KeyCorp reiterated a “buy” rating and set a $50.00 price objective on shares of PDC Energy in a research note on Tuesday, September 19th. Finally, Barclays upped their price objective on PDC Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. Eleven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $66.75.

PDC Energy (NASDAQ:PDCE) traded down $1.48 during mid-day trading on Tuesday, hitting $54.17. The company had a trading volume of 965,459 shares, compared to its average volume of 863,367. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $3,570.00, a price-to-earnings ratio of -13.34 and a beta of 0.79. PDC Energy has a 1-year low of $36.74 and a 1-year high of $78.61.

PDC Energy (NASDAQ:PDCE) last posted its earnings results on Monday, November 6th. The energy producer reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. PDC Energy had a positive return on equity of 0.94% and a negative net margin of 29.31%. research analysts predict that PDC Energy will post -3.55 EPS for the current fiscal year.

In other PDC Energy news, CEO Barton R. Brookman, Jr. sold 1,500 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $52.08, for a total value of $78,120.00. Following the transaction, the chief executive officer now directly owns 168,101 shares of the company’s stock, valued at approximately $8,754,700.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.91% of the company’s stock.

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About PDC Energy

PDC Energy, Inc is an independent exploration and production company. The Company produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with operations in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. The Company operates through two segments: Oil and Gas Exploration and Production, and Gas Marketing.

Insider Buying and Selling by Quarter for PDC Energy (NASDAQ:PDCE)

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